I am happy with the Institute decision.
There is no point of arguing/to curse the institute for such fantastic disciplined approach (after such a long time, that's a shame for sure!)
Following Points should be appreciated
1. Now, students will compulsory pay more attention towards articles and make most of it within the short time. This will definitely reult in good pass percentages in forthcoming exams.
2. Students shall now have the right against working more than prescribed work schedules which many firms namely the Big 4's often exploit the articles paying less and expecting more from an article.
3. No transfers allowed thereby an article will never have to worry about over load of work esp. in audits. No travelling allowed whatsoever the employer have to recruit the articles as per the location outside the state/city/region. Giving a smooth and uniform based articleship with all the articles given appropriate work.
4. The fixed time sxhedules also will lessen the work load with reasonably good stipend.
Following Points need attention:
1. Graduation is at stake as college hours and working hours are same???
2. The biggest pain is to the Big 4's as of now they will have to follow the rules as far as the timing and recruitment of articles is concerned.
I guess ICAI has made more strict rulz not only for the articles but also the employess who were taking undue advantage of articleship duration and irregularities in terms of recruitment and payment of stipends.
If you just take a breathe and understand what ICAI wants to say, you will appreciate the same in the long run.
Have a nice time. For ICAI Student Matters!!! ......
CAclubindia
